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Satellogic Inc. - $SATL STOCK NEWS

Welcome to our dedicated page for Satellogic news (Ticker: $SATL), a resource for investors and traders seeking the latest updates and insights on Satellogic stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Satellogic's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Satellogic's position in the market.

Rhea-AI Summary

Satellogic Inc. (NASDAQ: SATL) has released a large open dataset of high-resolution imagery to support the training of foundation models for Earth Observation. The dataset contains 6 million images, including location revisits, totaling 900 Gigapixels. This dataset aims to accelerate the development of Earth Observation AI models by providing real-time imagery of the planet. Satellogic data is available for commercial use under a Creative Commons license, with a paper and baseline foundation model to be published.

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-2.87%
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Rhea-AI Summary
Satellogic Inc. (NASDAQ: SATL) signs a letter of intent with O.N.E. Amazon to support the creation of the Internet of Forests, a sensor network to monitor the Amazon rainforest. Satellogic will provide Earth Observation data to aid in rainforest preservation efforts, highlighting the importance of geospatial sciences for planetary health and preservation.
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-2.44%
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Rhea-AI Summary
Satellogic Inc. (NASDAQ: SATL) reported a 68% increase in revenue to $10.1 million for the full year 2023. The company received a $30 million strategic investment from Tether Investments and planned to redomicile to the U.S. to compete for U.S. government contracts. Satellogic also announced partnerships with Tata Advanced Systems and Uzma, leading to revenue growth and expansion of its satellite constellation.
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2.76%
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Satellogic secures a $30 million investment from Tether Investments through convertible notes, providing financial flexibility and liquidity. The notes are guaranteed by the company and its subsidiaries, with a maturity date in 2028.
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-4.61%
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Tata Advanced Systems (TASL) and Satellogic Inc. (NASDAQ: SATL) successfully deployed TSAT-1A satellite into space, offering high-resolution optical satellite images with advanced capabilities. The collaboration between TASL and Satellogic resulted in the launch of TSAT-1A aboard SpaceX's Falcon 9 rocket for the Bandwagon-1 mission, showcasing TASL's commitment to the space sector.
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-2.58%
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Uzma (BURSA:7250.KL) and Satellogic Inc. (NASDAQ: SATL) announced a collaboration to expand access to Earth Observation data and satellite technology in Southeast Asia. The agreement includes leveraging a state-of-the-art EO satellite designed and manufactured by Satellogic that is planned to be launched in the second half of 2024 as 'UzmaSAT-1' aboard a SpaceX Falcon 9 rocket, and extensive tasking access to the Satellogic constellation. This collaboration aims to accelerate the development of valuable geospatial applications, providing actionable insights for a rapidly growing market.
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45.63%
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Tata Advanced Systems Limited (TASL) (NASDAQ: SATL) and Satellogic Inc. are collaborating to establish an Assembly, Integration, and Testing (AIT) facility for satellites in India and co-develop a satellite design. TASL, a leading private sector player for aerospace and defense solutions in India, will work with Satellogic, a leader in sub-meter resolution Earth Observation (EO) data collection, to manufacture satellites and develop imagery in India for national defense and commercial applications. The collaboration aims to accelerate space capacity building and enable the advancement of commercial space capabilities in India.
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9.4%
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Satellogic Inc. (SATL) has been granted a remote sensing license by NOAA, enabling it to pursue high-value opportunities in the U.S. This strategic move positions Satellogic to collaborate with U.S. defense, intelligence, and civilian agencies to provide rapid, accurate, and trusted geospatial data. The company also plans to redomicile to the U.S. by the first half of 2024, aiming to target new U.S. intelligence opportunities in addition to its international pipeline.
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Satellogic reports 33% revenue growth in 1H 2023 and plans to redomicile to the US. The company launched 12 new satellites and focuses on high-growth opportunities in the US market. They also announced their first Space Systems customer.
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6.02%
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Skyloom Global Corp. signs agreement with Satellogic Inc. to integrate Optical Communications Terminal onto Satellogic satellites
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Satellogic Inc.

Nasdaq:SATL

SATL Rankings

SATL Stock Data

111.97M
30.25M
29.99%
47.81%
0.14%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
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United States of America
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